Morocco was the largest Arab exporter to Mexico in 2020, with more than $ 298 million of products exported, according to the Mexican Foreign Trade Council (COMCO).
The Kingdom exports in particular calcium phosphates, vehicles and planes spare parts as well as fishery products.
Moroccan exports to the second largest economy in Latin America have recorded a significant increase despite the constraints linked to the COVID-19 pandemic, the Moroccan embassy in Mexico City said in a press release.
The Kingdom is currently the largest Arab exporter to the Mexican market, ahead of the United Arab Emirates, Saudi Arabia, Bahrain, Oman and Egypt.
Mexico’s second-largest African trading partner, Morocco, for its part, imported from this country about 26 million dollars in goods, in particular butanes and electronic and mechanical equipment.
“While bilateral trade with Mexico amounted to a total of 324 million dollars, the prospects for the development of these exchanges are promising,” said the same source.
Quoted in the press release, the Moroccan ambassador in Mexico City, Abdelfattah Lebbar, underlines the “strong interest” of Mexican stakeholders in strengthening economic ties with the Kingdom, expressing the hope that the commercial potential between the two countries will be fully exploited.
The diplomat stressed, in this regard, the importance of promoting in particular the exchange of visits by businessmen to stimulate investment and trade and taking advantage of the cooperation agreement concluded in 2004 in Mexico City between the Mexican Foreign Trade Council and the General Confederation of Moroccan Enterprises.
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